Ok, what is the exact path I need to take to get to high finance?

I’m seeking guidance on how to break into high finance. I’m set to graduate this spring with a 3.3 GPA in engineering from a public Ivy, but not a target school.

I’ve decided to commission into the Army to serve my country, which has always been a bucket-list goal for me. Initially, I aspired to join Special Forces, but I’m now reconsidering due to concerns about physical demands and the likelihood of frequent deployments.

If I pivot toward a career in high finance, what would that trajectory look like? I could potentially leave the military by 2029, but I understand that the best path starts with getting into a top M7 business school, which means I need to excel on the GMAT. In the best-case scenario, if I manage to get into an M7 program and graduate, I’d be around 29. What does my career path look like from that point?

Specifically, if I aim to work in a hedge fund, does the route generally go like this: IB associate (2 years) -> Private Equity (?? years) -> Hedge Fund?

What’s the typical timeline for this journey? What strategies can I implement now and in the next four years to enhance my M7 chances, aside from GMAT preparation? Is this career plan the best route, or is there an alternative I should consider? Also, is starting at 29 too late for investment banking?

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One response

  1. First off, thank you for your service and for thinking about your future career paths! Here’s a potential roadmap for achieving your goal of working in high finance:

    Path to High finance from Military Service

    1. Educational Preparation:
    2. GMAT Preparation: Focus on crushing the GMAT. Invest in prep courses or study groups to ensure you achieve a competitive score, especially one that meets or exceeds the average scores of your target M7 schools.
    3. Network and Research: Start building a network with alumni from your school who work in finance. Look for mentors, attend finance-related events, and read up on industry trends and firms to broaden your understanding.

    4. Consider Your Military Experience:

    5. Your military service, especially if you’re in a leadership role, can be a strong asset when applying to business schools and finance roles. Highlight your leadership, problem-solving, and teamwork skills in your applications.

    6. Business School Application (2029):

    7. Target Schools: As you mentioned, aim for M7 schools—these include Harvard, Wharton, Columbia, MIT, Chicago, Northwestern, and Stanford.
    8. Application Prep: In addition to a strong GMAT score, focus on crafting compelling essays that showcase your unique story, experiences, and why you want to transition into finance.

    9. Post-MBA Career Path:

    10. Investment Banking Associate: After graduation, joining an investment bank as an associate is a common pathway. The typical duration is about 2-3 years. Aim for a reputable firm—your M7 network can help in securing roles.
    11. Private Equity (Optional): After your banking stint, transitioning to private equity can be a viable option. This typically requires 2-4 years in IB.
    12. Hedge Fund: After gaining the requisite experience (4-6 years total), you could look at breaking into hedge funds, particularly in roles such as analyst or associate, depending on your skill set and the type of fund.

    Time Frame Overview:

    • 2029: Finish the military.
    • 2029-2031: Complete your MBA.
    • 2031-2033: Work as an IB associate.
    • 2033-2035: Move to private equity (if you choose this route).
    • Post-2035: Transition to hedge funds.

    Additional Considerations:

    • 29 Not Too Old for IB: Many candidates enter IB after business school in their late 20s or even early 30s, especially with unique backgrounds like military experience.
    • Internships: If possible, consider pursuing internships during your MBA. This can provide you with critical experience and networking opportunities.
    • Skill Development: Aside from GMAT prep, consider developing skills in financial modeling, valuation, and analysis—these will be critical in your finance roles.

    Final Thoughts:

    While your path has many steps, it’s important to stay adaptable and open to opportunities as they arise. Network consistently, leverage your unique experiences, and keep honing your skills throughout your journey. Good luck!

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